DIVIDEND ANNOUNCEMENT: Granite Point Mortgage Trust Inc (NYSE:GPMT) on 09/28/2020 declared a dividend of $0.2000 per share

Granite Point Mortgage Trust Inc (NYSE:GPMT) on 09/28/2020 declared a dividend of $ 0.2000 per share payable on October 19, 2020 to shareholders of record as of October 08, 2020. Dividend amount recorded is a decrease of $ 0.22 from last dividend Paid.

Granite Point Mortgage Trust Inc (NYSE:GPMT) has paid dividends since 2017, has a current dividend yield of 13.6054420471% and has increased its dividends for 2 successive years.

Granite Point Mortgage Trust Inc's market cap is $ 324,605,400 and has a PE ratio of 0.00. The stock price closed yesterday at $ 5.88 and has a 52 week low/high of $ 1.74 and $ 18.97.

Granite Point Mortgage Trust operates as a real estate investment trust. Co. focuses primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. Co. is externally managed by Pine River Capital Management L.P. Co. is focused on originating senior commercial mortgage loans backed by commercial real estate properties. Co. provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancings and a range of business plans, including lease-up, renovation, repositioning and repurposing of the property.

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